LIABILITY TO BE REGISTERED
SCHEDULE III
Bill
SCHEDULES
MODEL GST LAW – GOODS AND SERVICES TAX ACT, 2016 – Draft June 2016
SCHEDULE III
\nLIABILITY TO BE REGISTERED
\n1. Every supplier shall be liable to be registered under this Act in the State from where he makes a taxable supply of goods and\/or services if his aggregate turnover in a financial year exceeds [Rs nine lakh]:
\n1. Every supplier shall be liable to be registered under this Act in the State from where he makes a taxable supply of goods and\/or services if his aggregate turnover in a financial year exceeds [Rs. four lakh]:
\n[This threshold of four lakh will apply only if the taxable person conducts his business in any of the NE States including Sikkim.]
\nProvided th<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n license under an earlier law, shall be liable to be registered under this Act with effect from the appointed day. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n to deduct tax under section 37; = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" LIABILITY TO BE REGISTEREDSCHEDULE IIIBill SCHEDULESMODEL GST LAW – GOODS AND SERVICES TAX ACT, 2016 – Draft June 2016SCHEDULE III LIABILITY TO BE REGISTERED 1. Every supplier shall be liable to be registered under this Act in the State from where he makes a taxable supply of goods and\/or services if his aggregate turnover in … Continue reading “LIABILITY TO BE REGISTERED”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-242","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=242"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/242\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\n3. Where a business carried on by a taxable person registered under this Act is transferred, whether on account of succession or otherwise, to another person as a going concern, the transferee, or the successor, as the case may be, shall be liable to be registered with effect from the date of such transfer or succession.
\n4. Notwithstanding anything contained in paragraph 1 and 2 above, in a case of transfer pursuant to sanction of a scheme or an arrangement for amalgamation or, as the case may be, de-merger of two or more companies by an order of a High Court, the transferee shall be liable to be registered, where required, w<\/p>\n
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\n(vi) persons who supply goods and\/or services on behalf of other registered taxable persons whether as an agent or otherwise, irrespective of the threshold specified under paragraph 1;
\n(vii) input service distributor;
\n(viii) persons who supply goods and\/or services, other than branded services, through electronic commerce operator, irrespective of the threshold specified in paragraph 1;
\n(ix) every electronic commerce operator, irrespective of the threshold specified in paragraph 1;
\n(x) an aggregator who supplies services under his brand name or his trade name, irrespective of the threshold specified in paragraph 1; and
\n(xi) such other person or class of persons as may be notified by the Central Governme<\/p>\n
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